Investors' Soapbox AM

Sure-Footed Stance for Offshore Drilling

Banc of America likes Transocean, Noble and Diamond Offshore, which should all benefit from the increased deepwater demand implied by a Gulf of Mexico lease sale.

Updated Aug. 18, 2006 11:59 p.m. ET

Banc of America Securities

WE REMAIN BULLISH ON THE LONG-TERM secular growth of the oil and natural-gas industry.

Near-term concerns of natural-gas price weakness, caused primarily by weather and exacerbated by other factors, have a great deal of basis. Twelve months out, these concerns will likely have eased, though this remains a...